Keefe, Bruyette & Woods Increases The Hanover Insurance Group (NYSE:THG) Price Target to $179.00

The Hanover Insurance Group (NYSE:THG) had its target price boosted by analysts at Keefe, Bruyette & Woods from $176.00 to $179.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 11.30% from the stock’s current price.

A number of other equities research analysts have also recently commented on the company. JMP Securities raised their price objective on The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Morgan Stanley upped their price objective on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Janney Montgomery Scott downgraded The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price target for the company. in a research note on Thursday, November 21st. Finally, BMO Capital Markets raised their price objective on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, The Hanover Insurance Group currently has a consensus rating of “Hold” and an average target price of $175.25.

The Hanover Insurance Group Stock Down 0.7 %

Shares of The Hanover Insurance Group stock opened at $160.83 on Monday. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 13.76 and a beta of 0.72. The stock’s 50-day moving average is $155.69 and its 200 day moving average is $150.70. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The Hanover Insurance Group has a one year low of $119.66 and a one year high of $166.98.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. Equities research analysts anticipate that The Hanover Insurance Group will post 14.11 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in THG. True Wealth Design LLC bought a new stake in The Hanover Insurance Group during the 3rd quarter worth approximately $25,000. V Square Quantitative Management LLC purchased a new position in The Hanover Insurance Group during the third quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new position in The Hanover Insurance Group in the 3rd quarter worth about $30,000. EverSource Wealth Advisors LLC raised its holdings in shares of The Hanover Insurance Group by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 102 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of The Hanover Insurance Group by 49.5% during the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

About The Hanover Insurance Group

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.